Let's look at UBC Media
- over £4m in the bank
- debt free
- growing business, the mobile apps platform etc are performing well for UBC and expanding internationally
- directors bought back some shares at a cheap price (no chance of needing a placement, very positive)
- directors bought a lot of shares for themselves
- price drop only due to a distressed seller who obviously needed the cash - not negative news.
- many new contracts signed at end of 2010
But the market cap is only just over £5!!!!!!!!!
I repeat , debt free, £4m in the bank, and market cap of only £5m........... crazy.
The yield on this looks very very good. I can see this being back over 6p when figures are released.
